AMMAN — The Amman Stock Exchange (ASE) index rose again
on Wednesday by 0.15 percent, closing at 1797.3 points, driven by an
improvement in the performance of some bank shares.
اضافة اعلان
The rise came against a drop in the value of mining
companies stocks, such as the Jordan Phosphate Mining Company, whose share hit
the mandatory lower limit after a series of sales, closing at JD9.24 per share.
The decline came after a rise that started at the end of last year when the
market value stood at JD3 per share. This increase was behind the wave of sales
as traders sought to cash capital profits. The upward trend of the phosphate
company was driven by an increasing demand on fertilizers in international
markets. The same applies to the Arab Potash Company’s stocks.
On the other hand, banks’ shares maintained a rising
curve, including those of Arab Bank, Ahli Bank, Cairo Amman Bank, and Capital
Bank of Jordan, which was traded at JD1.47 per share after disclosing positive
developments, the foremost of which is the distribution of cash dividends worth
12 percent for the year 2020.
The other substantial update was Capital Bank’s
acquisition of Audi Bank’s branches in Jordan, while the National Bank of Iraq,
a subsidiary of Capital Bank group, acquired Audi Bank’s branches in Iraq,
including all their assets.
Commenting on the acquisition deal, Chairman of the
Capital Bank Group Basem Khalil Al-Salem has previously said: “This agreement
comes as part of Capital Bank’s plans to enhance its competitiveness and
expansion plans regionally and locally. The step is the first acquisition deal
in the Iraqi banking sector and it supports the operations of the National Bank
of Iraq, along with the durability of the Capital Bank’s financial indicators.”
The total volume of trading on Wednesday stood at about
JD6.3 million, and the number of shares traded was 6.7 million, executed
through 2,798 contracts.
At the sectoral level, the industrial sector index
dropped by 1.97 percent, the financial sector’s index rose by 0.87 percent, and
the services sector index went down by 0.42 percent.
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